China's real estate market has actively responded to a series of measures aimed at controlling housing prices issued by the State Council, China's cabinet, on Friday. Daily inquiries and demand for housing purchases on Saturday, just one day after the new policy came out, rose by 30 percent from Friday, according to Hu Jinghui, vice president of 5i5j Real Estate, a leading real estate agency in Beijing.
Hu forecast that the trading volume of second-hand housing would hit a new high before detailed rules on the real estate market are implemented by local governments and government departments..............................................Full Article: Source